$PAXG /USDC BEARISH TECHNICAL OUTLOOK
Market Structure:
$PAXG is showing weakness near resistance at 5,120, with the Parabolic SAR positioned above price, signaling bearish pressure. Short-term moving averages are flattening, indicating potential continuation toward support levels.
Key Levels:
Resistance: 5,120 – 5,142
Support: 5,042 – 4,942
Current Price: 5,096
Trade Setup:
Bias: Short
Entry: Around current price near 5,096
Targets (TP):
TP1: 5,042
TP2: 4,942
Stop Loss (SL): Above resistance at 5,142
Risk Management:
Use controlled position sizing, enter after confirmation of bearish momentum, and trail stop loss after TP1 to secure profits.
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PAXG
5,376.34
-2.68%